Andritz AG (OTCMKTS:ADRZY) Sees Significant Drop in Short Interest

Andritz AG (OTCMKTS:ADRZY - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,200 shares, a decline of 42.9% from the March 15th total of 2,100 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,100 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded shares of Andritz from a "hold" rating to an "outperform" rating in a report on Thursday, April 3rd.

Andritz Stock Performance

Shares of ADRZY traded up $0.13 during trading hours on Monday, hitting $12.23. The stock had a trading volume of 593 shares, compared to its average volume of 9,048. The firm has a market capitalization of $6.36 billion, a PE ratio of 11.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 0.89. Andritz has a 12 month low of $9.35 and a 12 month high of $14.32. The stock has a fifty day moving average price of $12.11 and a 200 day moving average price of $11.60.

Andritz (OTCMKTS:ADRZY - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.33 EPS for the quarter. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.34 billion. Andritz had a net margin of 5.90% and a return on equity of 23.10%. Analysts anticipate that Andritz will post 1.1 EPS for the current year.

Andritz Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 21st. Investors of record on Tuesday, April 1st will be issued a $0.5645 dividend. This is a boost from Andritz's previous dividend of $0.35. The ex-dividend date of this dividend is Tuesday, April 1st. Andritz's dividend payout ratio (DPR) is currently 31.48%.

About Andritz

Andritz AG provides plants, equipment, and services for pulp and paper industry, metalworking and steel industries, hydropower stations, and solid/liquid separation in the municipal and industrial sectors in Europe, North America, South America, China, Asia, and internationally. It operates through four segments: Pulp & Paper, Metals, Hydro, and Separation.